Automotive Natural Gas Vehicle Market Size is Valued at USD 13.26 Billion in 2023, and is Projected to Reach USD 21.78 Billion by 2032, Growing at a CAGR of 6.40% From 2024-2032.
Automotive Natural Gas Vehicle or NGV Market is a specific vehicle industry specialization in automobiles that use natural fuel as gas, including, Compressed Natural Gas (CNG) and Liquefied Natural Gas (LNG). These automobiles consequently depend on natural gas as a higher choice to conventional gasoline or diesel and hence allied environmental benefits together with decreased stages of greenhouse gasoline emission and cheaper working prices. The marketplace consists of no longer simplest automobiles themselves but the surrounding services, which include refuelling stations, storages, and so forth., and may be divided into passenger cars, industrial cars, buses, and so on.
The Major Players Covered in this Report:
Volkswagen AG (Germany), Fiat Chrysler Automobiles (FCA) (Netherlands), Honda Motor Co., Ltd. (Japan), General Motors Company (United States), MAN Truck & Bus SE (Germany), Scania AB (Sweden), Hyundai Motor Company (South Korea), Iveco S.p.A. (Italy), Mercedes-Benz AG (Germany), Volvo Group (Sweden) and Others Active Players
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Automotive Natural Gas Vehicle Market Segment Analysis:
Automotive Natural Gas Vehicle Market Segmented on the premise of fuel Type, Vehicle Type and End User.
By Fuel Type, Compressed Natural Gas (CNG) phase is expected to dominate the marketplace for the duration of the forecast length
The Automotive Natural Gas Vehicle Market is segmented by using gas type into three foremost categories: The 3 kinds of herbal gas are Compressed Natural Gas (CNG), Liquefied Natural Gas (LNG) and Biogas. Compressed natural gas is the most widely used gasoline for NGVs, it's miles stored at high pressures and used specially in lightweight cars and public transportation due to its high efficiency and lesser emissions than fuel or diesel. LNG, but, is transported and saved inside the liquid nation for usage as a result popular among heavy responsibility cars and lengthy-distance tour because of the high energy density.
By Application, Public Transport segment held the most important proportion in 2024
The Automotive Natural Gas Vehicle Market is segmented by means of application into three key classes: passenger delivery, items shipping and by using individuals. People use buses and shuttles many of the way of public transport and these are actually switching to herbal gas to enhance emissions, operational fees and provide higher pleasant air in our cities. Freight delivery in its software utilize natural gasoline cars for distribution of goods and control of logistics via the software of vehicles that utilizes the fuel kind because of its desire in charge and environmental effect.
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Segmentation of The Automotive Natural Gas Vehicle Market
By Fuel Type
- Compressed Natural Gas (CNG)
- Liquefied Natural Gas (LNG)
- Biogas
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Buses
By End User
- Individual Users
- Fleet Operators
- Government Agencies
Regional Analysis:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Within our study, we study the complete ecosystem of the Automotive Natural Gas Vehicle market, explaining various market stakeholders, their functions, and interdependencies. Additionally, our comprehensive segmentation analysis and geographical coverage provide profound insights into regional trends. We also analyse externally affecting factors.
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Key Points Covered in Automotive Natural Gas Vehicle Market Report:
- Automotive Natural Gas Vehicle Overview, Definition and Classification Market drivers and barriers
- Automotive Natural Gas Vehicle Market Competition by Manufacturers
- Automotive Natural Gas Vehicle Capacity, Production, Revenue (Value) by Region (2024-2032)
- Automotive Natural Gas Vehicle Supply (Production), Consumption, Export, Import by Region (2024-2032)
- Automotive Natural Gas Vehicle Production, Revenue (Value), Price Trend by Type
- Automotive Natural Gas Vehicle Manufacturers Profiles/Analysis Automotive Natural Gas Vehicle Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
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